NYSE, whose roots stretch back to the 18th century, famously signals the start and end of daily trading with bell-ringing ceremonies in the morning and afternoon – though, because of electronic trading, buying and selling has for decades actually taken place before the first bell at 9:30 a.m. and after the second one at 4 p.m. New York time. Source
The SEC is holding meetings today with major exchanges, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE), regarding spot Bitcoin ETFs. The information was revealed by a Fox Business journalist earlier today, bringing some sense of relief for the wider crypto community after crypto services firm Matrixport reported that the SEC would likely reject all ETF applications in January. This report triggered a major liquidation in today’s market, as the crypto market lost more than $540 million in just four hours. 🚨SCOOP: The @SECGov…
100% of Coindesk stocks were acquired by Bullish, a cryptocurrency exchange run by former NYSE President. Just recently it has been revealed that Bullish, a crypto exchange that is led by former NYSE President Tom Farley, has bought 100% of CoinDesk stocks. It is known that it was an all-cash deal. However, financial terms remain undisclosed. Speaking on this strategic move, Tom Farley stated: “With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem. Bullish will immediately inject…
After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen. The future of the bankrupt cryptocurrency exchange FTX Trading Ltd, popularly known as FTX, is expected to be decided before the end of this year according to the latest report. With the former FTX boss Sam Bankman-Fried (SBF) having been found guilty of all seven charges by a court jury, the FTX estate is more than ready to begin a new era. Moreover,…
The former president of the New York Stock Exchange (NYSE) is reportedly attempting to relaunch bankrupt crypto exchange platform FTX. According to a new report by The Wall Street Journal, a company run by former NYSE president Tom Farley is joining an auction and placing bids to purchase the remnants of collapsed digital assets exchange FTX. Farley’s company – a technology firm focused on developing financial services for the crypto industry called Bullish – is joined by two other companies vying to purchase FTX. WSJ reports that an unnamed banker…
Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF). Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares of Grayscale Bitcoin Trust on the New York Stock Exchange (NYSE) Arca under the ticker symbol GBTC. The new filing comes in line with Grayscale’s ongoing effort to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF, according to a statement by Grayscale. “We remain…
Klaviyo priced its IPO at $30 per share, offering 19.2 million shares to the public. This pricing valued the company at $9 billion on a fully diluted basis. Klaviyo, the renowned marketing automation company, made waves on Wall Street as its shares surged by an impressive 9.2% during its debut on the New York Stock Exchange (NYSE) after its Initial Public Offering (IPO). This success is noteworthy not only for Klaviyo but also for the entire tech industry, as it constitutes the first notable Initial Public Offering for a venture-backed…
Klaviyo has followed in the footsteps of Instacart and has raised its funding target for the upcoming listing, along with share price range. Marketing and data automation company Klaviyo Inc has reportedly boosted its initial public offering (IPO) target to $557 million. This boost now puts Klaviyo’s market valuation at about $8.7 billion. Last week, Coinspeaker reported that Klaviyo had a target of $518 million from the upcoming IPO and planned to sell 11.5 million shares for between $25 and $27. A filing with the United States Securities and Exchange Commission (SEC) revealed…
Former New York Stock Exchange (NYSE) broker has been directed by a federal court to pay a staggering $54 million in damages and penalties for orchestrating a fraudulent cryptocurrency trading scheme. The U.S. Commodity Futures Trading Commission (CFTC) has announced that Michael Ackerman, an Ohio resident, has been banned from participating in any markets under the watchdog’s supervision as per the ruling issued by a judge at the Southern District of New York court. The CFTC’s case against Ackerman, who was initially charged in 2020, involves accusations of defrauding approximately…
CryptoX – Cryptocurrency Analysis and News Portal Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme. Source The post Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges appeared first on CryptoX. CryptoX Portal